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    700 Franklin St Richmond, VA 23219

    For Lease
    Contact for pricing

    Executive Suites, 3,061 - 15,488 SF

    Lot size:
    94,170 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional office opportunity is situated at 700 E Franklin St in Richmond, Virginia, within the vibrant Central Business District. Located on the first floor of the Edison Apartments, a 174-unit multi-family complex, this Class B building offers immediate access to key city landmarks. The property boasts a total of 94,170 square feet, spread across a single story, and was constructed in 1951. Currently, there are 15,488 square feet of vacant space available, divisible into units as small as 3,061 square feet, with a maximum contiguous space of 7,320 square feet. The building is comprised of three total suites, providing flexibility for various business needs. Its convenient location places it within easy walking distance of the State Capitol, Richmond Courthouse, City Hall, other government agencies, and the VCU Medical Campus. This prime location offers unparalleled accessibility and visibility, making it an ideal choice for businesses seeking a prestigious and well-connected address in Richmond's thriving downtown core. The property's proximity to major transportation routes and amenities further enhances its appeal. This is a rare opportunity to secure high-quality office space in a highly desirable location. The address is 700 E Franklin St, Richmond, VA 23219, in Richmond County.

    Property Features for 700 Franklin St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    94,170 SF
    Class
    B

    Building Details

    Year Built
    1951
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    15,488 SF

    HighLights

    • 15,488 SF of divisible office space.
    • Divisible into three suites: 3,061 SF, 5,107 SF, and 7,320 SF.
    • First‑floor Class B office space.
    • Corner retail suite (3,061 SF) with high ceilings.
    • High visibility frontage along Franklin St and 7th St.
    • On‑site parking deck.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Debt Law Group: ... Bankruptcy Attorney The Pace Center Non-Profit Organization The Edison Apartments Apartment Complex Highland Support Project Non-Profit Organization Mike's Beats Dj Service

    Suggested Use

    Realty agency Spa & Massage Restaurant Hair Salon Dental Office Nail Salon Building Supply Daycare Center Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond county
    State
    Virginia
    Longitude
    -77.4362699
    Latitude
    37.540195

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    FAQs

    What type of property is this?
    Office Property / Space - Executive Suites, 3,061 - 15,488 SF
    Where is this office property / space located?
    The property is located at 700 Franklin St Richmond, VA.
    What are key features of this property?
    This property features: 15,488 SF of divisible office space.; Divisible into three suites: 3,061 SF, 5,107 SF, and 7,320 SF.; First-floor Class B office space.
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    Richmond, VA 23219
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    700 Franklin St Richmond, VA 23219
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